China’s Wealthy Lag In Philanthropy Ranks

A new Hurun report shows Chinese billionaires haven’t yet thought about how and where to give it away.

By

Abby Schultz

July 14, 2016

Chinese are good at making money, but evidence shows many are slow to give it away.

Out of 630 billionaires of Chinese origin globally, only 51 have given at least CNY500 million ($80 million) to charity over their lifetime, Hurun Report found in compiling its “big philanthropy” report of global Chinese giving. Simply put: “That’s not a huge amount,” says Rupert Hoogewerf, Hurun’s chairman.